October 21, 2021
VANCOUVER, BC, CANADA (October 21st, 2021) – Codebase Ventures Inc. (“Codebase” or the “Company”) (CSE: CODE – FSE: C5B – OTCQB: BKLLF) is pleased to announce that the Company’s bit mining infrastructure has generated 2.9BTC as of today, and that the Company is seeking further investments in the space.
Bit Mining Highlights
- Revenue from mining operations to date of $142,210 CAD, facility operating costs of $68,306 CAD*
- Currently holding 2.908 BTC with a market value of $238,288 CAD **
**Based on BTC price quoted on coinmarketcap.com at time of writing and foreign exchange rate of 1.23 (USD to CAD)
The Company has continued to bring its bit mining infrastructure online and streamline operations to maximize BTC revenue generation. In addition to the generation of Bitcoin, the Company has seen an appreciation of the price of BTC since it began the bit mining operation from approximately $33,500 USD in July to $66,700 USD approximately as of today.
As previously noted, Codebase remains confident in their long-term thesis surrounding Bitcoin and the continued disruption that blockchain technology will have on the world in the coming years, and the Company is seeking further investments.